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Loans and Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2016
Receivables [Abstract]  
Schedule of Details on Loans of Company
The following schedule details the loans of the Company at March 31, 2016 and December 31, 2015:
 
(In Thousands)
 
March 31,
2016
 
December 31,
2015
Mortgage loans on real estate
 
 
 
       Residential 1-4 family
$
350,575

 
$
349,631

Multifamily
77,088

 
49,564

Commercial
660,335

 
625,623

Construction and land development
294,722

 
275,319

Farmland
32,397

 
32,114

Second mortgages
8,102

 
7,551

Equity lines of credit
46,725

 
46,506

Total mortgage loans on real estate
1,469,944

 
1,386,308

Commercial loans
32,216

 
30,537

Agricultural loans
1,573

 
1,552

Consumer installment loans
 
 
 
Personal
40,132

 
40,196

Credit cards
3,094

 
3,271

Total consumer installment loans
43,226

 
43,467

Other loans
9,190

 
9,250

 
1,556,149

 
1,471,114

Net deferred loan fees
(5,240
)
 
(5,035
)
Total loans
1,550,909

 
1,466,079

Less: Allowance for loan losses
(22,899
)
 
(22,900
)
Net loans
$
1,528,010

 
$
1,443,179
Transactions in Allowance for Loan Losses
Transactions in the allowance for loan losses for the three months ended March 31, 2016 and year ended December 31, 2015 are summarized as follows:

 
(In Thousands)
 
Residential
1-4 Family
 
Multifamily
 
Commercial
Real Estate
 
Construction
 
Farmland
 
Second
Mortgages
 
Equity Lines
of Credit
 
Commercial
 
Agricultural, Installment and Other
 
Total
March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
5,024

 
619

 
9,986

 
5,136

 
654

 
106

 
594

 
301

 
480

 
22,900

Provision
(70
)
 
345

 
(82
)
 
(251
)
 
11

 
7

 
(30
)
 
20

 
117

 
67

Charge-offs
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(180
)
 
(180
)
Recoveries
21

 
—

 
1

 
3

 
—

 
1

 
9

 
1

 
76

 
112

Ending balance
$
4,975

 
964

 
9,905

 
4,888

 
665

 
114

 
573

 
322

 
493

 
22,899

Ending balance individually evaluated for impairment
$
183

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
183

Ending balance collectively evaluated for impairment
$
4,792

 
964

 
9,905

 
4,888

 
665

 
114

 
573

 
322

 
493

 
22,716

Ending balance loans acquired with deteriorated credit quality
$
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
350,575

 
77,088

 
660,335

 
294,722

 
32,397

 
8,102

 
46,725

 
32,216

 
53,989

 
1,556,149

Ending balance individually evaluated for impairment
$
686

 
—

 
4,639

 
1,938

 
—

 
—

 
—

 
—

 
—

 
7,263

Ending balance collectively evaluated for impairment
$
349,889

 
77,088

 
655,696

 
292,784

 
32,397

 
8,102

 
46,725

 
32,216

 
53,989

 
1,548,886

Ending balance loans acquired with deteriorated credit quality
$
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
Residential
1-4 Family
 
Multifamily
 
Commercial
Real Estate
 
Construction
 
Farmland
 
Second
Mortgages
 
Equity Lines
of Credit
 
Commercial
 
Agricultural, Installment and Other
 
Total
December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
5,582

 
172

 
9,578

 
5,578

 
795

 
61

 
304

 
176

 
326

 
22,572

Provision
(290
)
 
447

 
(267
)
 
(455
)
 
(142
)
 
87

 
303

 
118

 
587

 
388

Charge-offs
(311
)
 
—

 
(44
)
 
(26
)
 
—

 
(45
)
 
(14
)
 
—

 
(664
)
 
(1,104
)
Recoveries
43

 
—

 
719

 
39

 
1

 
3

 
1

 
7

 
231

 
1,044

Ending balance
$
5,024

 
619

 
9,986

 
5,136

 
654

 
106

 
594

 
301

 
480

 
22,900

Ending balance individually evaluated for impairment
$
194

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
194

Ending balance collectively evaluated for impairment
$
4,830

 
619

 
9,986

 
5,136

 
654

 
106

 
594

 
301

 
480

 
22,706

Ending balance loans acquired with deteriorated credit quality
$
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
349,631

 
49,564

 
625,623

 
275,319

 
32,114

 
7,551

 
46,506

 
30,537

 
54,269

 
1,471,114

Ending balance individually evaluated for impairment
$
1,449

 
—

 
4,643

 
1,938

 
575

 
—

 
—

 
—

 
—

 
8,605

Ending balance collectively evaluated for impairment
$
348,182

 
49,564

 
620,980

 
273,381

 
31,539

 
7,551

 
46,506

 
30,537

 
54,269

 
1,462,509

Ending balance loans acquired with deteriorated credit quality
$
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—
Company's Impaired Loans
The following table presents the Company’s impaired loans at March 31, 2016 and December 31, 2015. 
 
In Thousands
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
March 31, 2016
 
 
 
 
 
 
 
 
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
Residential 1-4 family
$
150

 
149

 
—

 
392

 
2

Multifamily
—

 
—

 
—

 
—

 
—

Commercial real estate
4,640

 
4,639

 
—

 
4,643

 
4

Construction
1,943

 
1,938

 
—

 
1,943

 
22

Farmland
—

 
—

 
—

 
—

 
—

Second mortgages
—

 
—

 
—

 
—

 
—

Equity lines of credit
—

 
—

 
—

 
—

 
—

Commercial
—

 
—

 
—

 
—

 
—

Agricultural, installment and other
—

 
—

 
—

 
—

 
—

 
$
6,733

 
6,726

 
—

 
6,978

 
28

With allowance recorded:
 
 
 
 
 
 
 
 
 
Residential 1-4 family
$
540

 
537

 
183

 
687

 
8

Multifamily
—

 
—

 
—

 
—

 
—

Commercial real estate
—

 
—

 
—

 
—

 
—

Construction
—

 
—

 
—

 
—

 
—

Farmland
—

 
—

 
—

 
—

 
—

Second mortgages
—

 
—

 
—

 
—

 
—

Equity lines of credit
—

 
—

 
—

 
—

 
—

Commercial
—

 
—

 
—

 
—

 
—

Agricultural, installment and other
—

 
—

 
—

 
—

 
—

 
$
540

 
537

 
183

 
687

 
8

Total
 
 
 
 
 
 
 
 
 
Residential 1-4 family
$
690

 
686

 
183

 
1,079

 
10

Multifamily
—

 
—

 
—

 
—

 
—

Commercial real estate
4,640

 
4,639

 
—

 
4,643

 
4

Construction
1,943

 
1,938

 
—

 
1,943

 
22

Farmland
—

 
—

 
—

 
—

 
—

Second mortgages
—

 
—

 
—

 
—

 
—

Equity lines of credit
—

 
—

 
—

 
—

 
—

Commercial
—

 
—

 
—

 
—

 
—

Agricultural, installment and other
—

 
—

 
—

 
—

 
—

 
$
7,273

 
7,263

 
183

 
7,665

 
36

 
In Thousands
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
December 31, 2015
 
 
 
 
 
 
 
 
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
Residential 1-4 family
$
633

 
622

 
—

 
724

 
39

Multifamily
—

 
—

 
—

 
—

 
—

Commercial real estate
4,645

 
4,643

 
—

 
5,048

 
24

Construction
1,943

 
1,938

 
—

 
486

 
97

Farmland
575

 
575

 
—

 
431

 
—

Second mortgages
—

 
—

 
—

 
—

 
—

Equity lines of credit
—

 
—

 
—

 
—

 
—

Commercial
—

 
—

 
—

 
—

 
—

Agricultural, installment and other
—

 
—

 
—

 
—

 
—

 
$
7,796

 
7,778

 
—

 
6,689

 
160

With allowance recorded:
 
 
 
 
 
 
 
 
 
Residential 1-4 family
$
834

 
827

 
194

 
785

 
47

Multifamily
—

 
—

 
—

 
—

 
—

Commercial real estate
—

 
—

 
—

 
3,419

 
—

Construction
—

 
—

 
—

 
—

 
—

Farmland
—

 
—

 
—

 
144

 
—

Second mortgages
—

 
—

 
—

 
—

 
—

Equity lines of credit
—

 
—

 
—

 
—

 
—

Commercial
—

 
—

 
—

 
—

 
—

Agricultural, installment and other
—

 
—

 
—

 
—

 
—

 
$
834

 
827

 
194

 
4,348

 
47

Total:
 
 
 
 
 
 
 
 
 
Residential 1-4 family
$
1,467

 
1,449

 
194

 
1,509

 
86

Multifamily
—

 
—

 
—

 
—

 
—

Commercial real estate
4,645

 
4,643

 
—

 
8,467

 
24

Construction
1,943

 
1,938

 
—

 
486

 
97

Farmland
575

 
575

 
—

 
575

 
—

Second mortgages
—

 
—

 
—

 
—

 
—

Equity lines of credit
—

 
—

 
—

 
—

 
—

Commercial
—

 
—

 
—

 
—

 
—

Agricultural, installment and other
—

 
—

 
—

 
—

 
—

 
$
8,630

 
8,605

 
194

 
11,037

 
207
Summary of Carrying Balances of TDR's
The following table summarizes the carrying balances of TDR’s at March 31, 2016 and December 31, 2015. 
 
March 31, 2016
 
December 31, 2015
 
(In thousands)
Performing TDRs
$
730

 
$
983

Nonperforming TDRs
2,707

 
3,121

Total TDRS
$
3,437

 
$
4,104
Troubled Debt Restructuring Categorized by Loan
The following table outlines the amount of each troubled debt restructuring categorized by loan classification for the three months ended March 31, 2016 and the year ended December 31, 2015 (in thousands, except for number of contracts): 
 
March 31, 2016
 
December 31, 2015
 
Number
of
Contracts
 
Pre
Modification
Outstanding
Recorded
Investment
 
Post
Modification
Outstanding
Recorded
Investment,
Net of Related
Allowance
 
Number
of
Contracts
 
Pre
Modification
Outstanding
Recorded
Investment
 
Post
Modification
Outstanding
Recorded
Investment,
Net of Related
Allowance
Residential 1-4 family
2

 
$
35

 
$
35

 
2

 
$
77

 
$
77

Multifamily
—

 
—

 
—

 
—

 
—

 
—

Commercial real estate
—

 
—

 
—

 
—

 
—

 
—

Construction
—

 
—

 
—

 
1

 
1,938

 
1,938

Farmland
—

 
—

 
—

 
—

 
—

 
—

Second mortgages
—

 
—

 
—

 
—

 
—

 
—

Equity lines of credit
—

 
—

 
—

 
—

 
—

 
—

Commercial
—

 
—

 
—

 
—

 
—

 
—

Agricultural, installment and other
1

 
3

 
3

 
1

 
2

 
1

Total
3

 
$
38

 
$
38

 
4

 
$
2,017

 
$
2,016
Summary of Loan Portfolio by Risk Rating
The following table is a summary of the Bank’s loan portfolio by risk rating at March 31, 2016 and December 31, 2015: 
 
(In Thousands)
 
Residential
1-4 Family
 
Multifamily
 
Commercial
Real Estate
 
Construction
 
Farmland
 
Second
Mortgages
 
Equity
Lines
of Credit
 
Commercial
 
Agricultural, installment and other
 
Total
March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit Risk Profile by Internally Assigned Rating
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pass
$
340,825

 
77,088

 
647,383

 
293,818

 
31,534

 
7,669

 
46,444

 
32,207

 
53,876

 
1,530,844

Special Mention
6,829

 
—

 
7,884

 
791

 
137

 
334

 
138

 
8

 
34

 
16,155

Substandard
2,921

 
—

 
5,068

 
113

 
726

 
99

 
143

 
1

 
79

 
9,150

Doubtful
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total
$
350,575

 
77,088

 
660,335

 
294,722

 
32,397

 
8,102

 
46,725

 
32,216

 
53,989

 
1,556,149

December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit Risk Profile by Internally Assigned Rating
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pass
$
340,019

 
49,564

 
612,318

 
274,926

 
30,933

 
7,097

 
46,361

 
30,525

 
54,154

 
1,445,897

Special Mention
6,957

 
—

 
8,227

 
277

 
200

 
353

 
—

 
10

 
38

 
16,062

Substandard
2,655

 
—

 
5,078

 
116

 
981

 
101

 
145

 
2

 
77

 
9,155

Doubtful
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total
$
349,631

 
49,564

 
625,623

 
275,319

 
32,114

 
7,551

 
46,506

 
30,537

 
54,269

 
1,471,114